Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Bull Market Weakness (+75) - SARJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SARJPY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Feb 5th, 2021 at 28.172723
The intermediate-term trend has been UP since Sep 23rd, 2021 at 29.472681
The short-term trend has been DOWN since Oct 21st, 2021 at 30.376617
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).